FX: Little change: By Mary McNamara

There hasn’t been a lot of FX breakout movement other than with one-cross pair I monitor. There were some short term trades off two stock indices but, other than that, most charts are as they were in my w/e post.

Data: watch today with CNY Industrial Production, GBP CPI, USD PPI and speeches from the ECB President Draghi, BoJ Gov Kuroda, BoE Gov Carney and Fed Chair Yellen.

USDX weekly: watch for any breakout from the Flag:

EURX weekly: ditto:

TC Trades:

ASX-200 15 min: a 2R trade triggered overnight following the break of a trend line. Keep an eye on the 6,000 level here but I expect choppiness around this major S/R level for a bit:

DJIA 15 min: there was a 2R trade here as well using TC:

EUR/NZD: there was a 2R trade off the 15 min chart here as well:

E/N 4hr: there has been continuation of this breakout:

E/N 15 min: a 2 R trade using TC overnight following the previous trend line breakout:

Other FX:

GBP/USD 4hr: keep these trend lines in focus with tonight’s GBP data and speeches:

Leave a Reply

Your email address will not be published. Required fields are marked *